Acephate Market in North America to Grow Significantly Due to Strict Hygiene Regulations in the Region| Top Key players Like: Bayer Crop Science, Drexel Chemical Company, Gujarat Pesticides, Kenvos Biotech Company, Sanonda and Others

Market Overview:

The Global Acephate Market size was valued at USD 1.34 Bn in 2021 and is estimated to grow to USD 1.97 Bn by 2030, registering a CAGR of 4.3% during the projection period. In agriculture and on crops, acephate, an organophosphate foliar insecticide, is largely used to control aphids, particularly resistant species. This colorless to white solid is sprayed on a range of crops or vegetables to fight pests such as leaf miners, sawflies, thrips, and caterpillars (carrots, tomatoes, lettuce, and potatoes).

In addition, it is sprayed on golf courses, horticultural crops, and turf. It is used as a seed treatment and on commercial or institutional buildings, golf courses, citrus trees, and food crops. It can either be mixed as a powder with the soil surrounding the plants or sprayed onto vegetation. Acephate is sold as a powder, granules, liquid, tablet, and in water-soluble containers. As a general insecticide, acephate has 10 to 15 days of residual effects.

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The acephate market is significantly impacted by the growth of the agricultural industry, which is expanding to meet the increasing demand for food to sustain the growing global population. The use of agrochemicals, including acephate, has become an integral part of modern farming practices, which play a crucial role in ensuring efficient crop production. The market is expected to witness significant growth in the upcoming years due to the rising need for faster crop formation and the escalating demand for agrochemicals to protect crops from pests and diseases to meet the food requirements of the world.

Key Market Players:

· Bayer Crop Science
· Drexel Chemical Company
· Gujarat Pesticides
· Kenvos Biotech Company
· Arysta LifeScience Corporation
· Sanonda
· Lanfeng Biochemical
· JiaHua
· LUMITOS AG
· Syngenta AG
· UPL
· Sinon
· VeYong
· Others

Key Market Players to Implement Agreement Strategies to Acquire Maximum Market Share:
Leading companies present in the global acephate market employ a number of business strategies in order to gain a competitive edge and grow their business. Important business tactics implemented by these key players include product innovations, mergers and acquisitions, collaboration, and partnerships.

Recent Industry Developments:
November 2021- At the business's new manufacturing facility in Jingzhou, Hubei province, ADAMA Limited has completed the construction, equipment installation, and commissioning of the 30,000 t/a Acephate project.

June 2019- A distribution agreement between Bayer and AlphaBio Management for the marketing of FlipperTM, a cutting-edge biological pest management product developed by AlphaBio.

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Global Acephate Market Segmentation:
By Form:
-Powder
-Granules
-Liquids
-Water-Soluble Packets

By End-User:
-Agriculture
-Animal Husbandry
-Commercial
-Others

Agriculture Segment to Dominate Market Share Due to Growing Use of Acephate to Limit Leaf Miners Growth:
On the basis of the end-user, the global acephate market is segmented into agriculture, animal husbandry, commercial, and others. The market for acephate was dominated by the agriculture segment in 2021, and this trend is expected to continue throughout the projection period. An insecticide known as acephate is an organophosphate that is primarily used to limit the growth of leaf miners and aphids in a range of fields, fruits, and vegetable crops.

The rising food demand brought on by population expansion and the rise in disposable income has resulted in a large increase in agricultural productivity over time. The production of main crops reached 9.4 billion tonnes in 2019, a 53% increase from 2000, according to the Food and Agriculture Organization's 2021 report.

Increasing Demand For Pesticides to Augment Market Growth:
A rise in the use of pesticides to improve crop formation and quality while reducing losses brought on by insect attacks has an impact on the market for acephate. As a result, in order to stop the global rise in attacks, agrochemical form enhancement has increased.

In addition to this, agrochemical use rises as a result of improved crop protection and the need to meet global food demand, which drives market expansion. The primary factors influencing market expansion in the approaching years are the expansion of the agricultural sector and the requirement for increased crop output. Agrochemicals are also being used increasingly regularly to maintain crops and satisfy the increasing global need for food.

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By Region:
North America- U.S., Mexico, Canada
Europe- UK, France, Germany, Italy, Spain, Rest of Europe
Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
South America- Brazil, Argentina, Colombia, Rest of South America
The Middle East and Africa- GCC, South Africa, Rest of the Middle East & Africa

North America to Lead Market Due to End-user Awareness of the Value of Bug Management in the Region:
The global acephate market is divided into North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa. North America has dominated the shares of the global acephate market and is expected to continue its dominance on the market throughout the projection period. Strict hygiene regulations, economic modernization and reconstruction, and end-user awareness of the value of bug management in the region are all accountable for this substantial regional market growth.

However, the acephate market in the Asia Pacific is predicted to grow at a rapid CAGR rate over the forecast period. A combination of extremely good climatic conditions, improved access to better-than-average food supplies in agricultural areas, and growth in the agriculture sector are contributing to the considerable growth in the regional market.

TABLE OF CONTENTS:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Acephate Market
Chapter5. Global Acephate Market Overview, By Form, 2017 - 2030(USD Million)Chapter 6. Global Acephate Market Overview, By End-User, 2017 - 2030(USD Million)
Chapter 7. Global Acephate Market Overview, By Geography, 2017 - 2030(USD Million)
Chapter 8. North America Acephate Market Overview, By Countries, 2017 - 2030(USD Million)
...TOC Continued

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